A.1.9 Payoff Quotes
A payoff quote is the amount still owed on account or amount needed to satisfy the Loan. It can be generated anytime and may be requested during a call from a customer, dealer, or insurance agent. A payoff quote can either be generated for current or future date, but not on a back date.
The transaction processing details and new balances after posting payoff quote appears in Results section of Maintenance screen.
Table A-21 To generate a payoff quote for an account
Transaction | Parameters |
---|---|
PAYOFF QUOTE | TXN DATE |
PAYOFF QUOTE VALID UPTO DATE | |
ASSESS PAYOFF QUOTE FEE | |
PAYOFF QUOTE LTR PRINT | |
COMMENT |
Parent topic: Monetary Transactions